April's employment report was a big bounceback from the disappointing March numbers, with the economy adding 223,000 jobs last month. The rebound from the previous month was even bigger than expected, since the Bureau of Labor Statistics also revised the March number downward from 126,000 to just 85,000.
The headline unemployment rate dropped slightly to 5.4 percent. That number is now at its lowest point since May 2008. April marked the 55th straight month of employment gains in the U.S.
In retrospect, March was the worst month for jobs since June 2012. The strong numbers for April have given hope that the economy simply stumbled in the first quarter, when in addition to that drop in the jobs numbers, overall GDP rose by an anemic 0.2 percent.
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